Smith Residential Named Both Property Management Company And Development Firm of the Year by NAHB

Company Wins Total of Five Honors



Apr 03, 2001, 01:00 ET from Charles E. Smith Residential Realty, Inc.

    ARLINGTON, Va., April 3 /PRNewswire/ -- Charles E. Smith Residential
 Realty (NYSE:   SRW) captured top honors as both Multifamily Property Management
 Company of the Year and Development Firm of the Year in the recent "Pillars of
 the Industry Awards" competition sponsored by the National Association of Home
 Builders (NAHB).  In addition, Smith Residential won honors in three other
 categories: Best Property Web Site (2201wilson.com), Best Overall Sales and
 Leasing Campaign (2201 Wilson Boulevard, Arlington, Va.), and Best Market Rate
 Apartment Community Brochure  (The Park Connecticut, Washington, D.C.).  Smith
 Residential is the only firm to win five awards the same year in the ten-year
 history of this annual program.  These awards recognize excellence in design,
 construction, management, marketing, and finance.
     "We're proud to be recognized with these distinguished industry awards,"
 said Ernest Gerardi, Jr., President and CEO of Smith Residential. "Our
 talented professionals have helped us earn a reputation for the highest
 standards in the industry as we continue to focus on new ways to raise the bar
 on product and service excellence. In addition to the other awards, we're
 particularly pleased to win the Best Property Web Site award for the third
 year in a row, as it reflects our commitment to using state-of-the-art
 technology for both business enhancement and customer service."
     Last year, Charles E. Smith Residential added 4,500 quality apartments to
 its portfolio through the acquisition and development of nine properties in
 four of the nation's leading urban markets: Metropolitan Washington, D.C.,
 Chicago, Southeast Florida, and Boston. Today, the Company's portfolio
 includes approximately 30,000 apartments.
 
     Charles E. Smith Residential Realty, Inc. (NYSE:   SRW) is a leader in
 providing urban living solutions in selected American cities. The Company is a
 self-managed real estate investment trust that develops, acquires, owns,
 leases, and manages multifamily residential rental properties. The Company is
 based in Arlington, Virginia, with operations in Washington, D.C., Northern
 Va., Chicago, Boston, and Southeast Fla. The original Charles E. Smith Company
 began operations in 1946 and Charles E. Smith Residential Realty, Inc. became
 a public company in 1994. As of April 2001, the Company owns or has a material
 interest in a portfolio of over 30,000 apartments. Total capitalization of the
 Company, including its operating partnerships, exceeds $3 billion.  The
 Company's Web site address is http://www.smithreit.com.
 
     For additional information on the National Association of Homebuilders,
 please visit http://www.nahb.com.
 
 

SOURCE Charles E. Smith Residential Realty, Inc.
    ARLINGTON, Va., April 3 /PRNewswire/ -- Charles E. Smith Residential
 Realty (NYSE:   SRW) captured top honors as both Multifamily Property Management
 Company of the Year and Development Firm of the Year in the recent "Pillars of
 the Industry Awards" competition sponsored by the National Association of Home
 Builders (NAHB).  In addition, Smith Residential won honors in three other
 categories: Best Property Web Site (2201wilson.com), Best Overall Sales and
 Leasing Campaign (2201 Wilson Boulevard, Arlington, Va.), and Best Market Rate
 Apartment Community Brochure  (The Park Connecticut, Washington, D.C.).  Smith
 Residential is the only firm to win five awards the same year in the ten-year
 history of this annual program.  These awards recognize excellence in design,
 construction, management, marketing, and finance.
     "We're proud to be recognized with these distinguished industry awards,"
 said Ernest Gerardi, Jr., President and CEO of Smith Residential. "Our
 talented professionals have helped us earn a reputation for the highest
 standards in the industry as we continue to focus on new ways to raise the bar
 on product and service excellence. In addition to the other awards, we're
 particularly pleased to win the Best Property Web Site award for the third
 year in a row, as it reflects our commitment to using state-of-the-art
 technology for both business enhancement and customer service."
     Last year, Charles E. Smith Residential added 4,500 quality apartments to
 its portfolio through the acquisition and development of nine properties in
 four of the nation's leading urban markets: Metropolitan Washington, D.C.,
 Chicago, Southeast Florida, and Boston. Today, the Company's portfolio
 includes approximately 30,000 apartments.
 
     Charles E. Smith Residential Realty, Inc. (NYSE:   SRW) is a leader in
 providing urban living solutions in selected American cities. The Company is a
 self-managed real estate investment trust that develops, acquires, owns,
 leases, and manages multifamily residential rental properties. The Company is
 based in Arlington, Virginia, with operations in Washington, D.C., Northern
 Va., Chicago, Boston, and Southeast Fla. The original Charles E. Smith Company
 began operations in 1946 and Charles E. Smith Residential Realty, Inc. became
 a public company in 1994. As of April 2001, the Company owns or has a material
 interest in a portfolio of over 30,000 apartments. Total capitalization of the
 Company, including its operating partnerships, exceeds $3 billion.  The
 Company's Web site address is http://www.smithreit.com.
 
     For additional information on the National Association of Homebuilders,
 please visit http://www.nahb.com.
 
 SOURCE  Charles E. Smith Residential Realty, Inc.

RELATED LINKS

http://www.smithreit.com